DeFi tokens have experienced a significant plunge, dropping between 10-20% amid weak crypto price action this week. This downturn in decentralized finance (DeFi) tokens highlights the volatility and challenges within the broader cryptocurrency market. DeFi Tokens Face Steep Declines The DeFi sector, known for its decentralized financial products and services, has seen some of its…
The crypto industry is experiencing a significant surge, with analysts predicting that it will soon outperform the early growth of the internet. This article explores the factors driving the crypto industry boom and its potential to reshape the financial landscape. The Rise of the Crypto Industry According to a recent report by Architect Partners, the…
The Polifi sector has taken a significant hit as the political tussle between Trump and Biden intensifies. The sector, which once held promise, has seen a massive downturn, with Boden, one of its major players, dropping 95% from its peak. This article delves into the implications of this decline and explores the broader impact on…
President Joe Biden’s lackluster debate performance last week has enhanced the chances of Donald Trump, a pro-crypto candidate, making a return to the White House. Despite this political shift, the market’s attention has been captivated by other factors. Altcoins Struggle Amid Low Volatility Bitcoin (BTC-USD) and Ether (ETH-USD) have experienced low volatility, creating a challenging…
Kraken, the renowned cryptocurrency exchange, is exploring the use of nuclear energy as a power source for its data centers. This move comes amidst an anticipated surge in decentralized finance and growing demand for its services. Kraken Exploring Nuclear Power Solutions Kraken’s chief technical officer, Vishnu Patankar, revealed in an exclusive interview with CoinDesk that…
Cryptocurrency exchange Bitget has announced a new social project in Vietnam aimed at educating the public on secure cryptocurrency usage and fraud prevention. The initiative will use engaging posters and banners displayed in public areas like bus stops, subways, and street billboards to provide tips on detecting and avoiding crypto scams. Raising Awareness About Crypto…
Bitcoin miner CleanSpark (NASDAQ:CLSK) announced a major acquisition, merging with Griid Infrastructure in a $155 million deal. CleanSpark will acquire all common shares of Griid Infrastructure, significantly enhancing its operational capacity by gaining access to 20 megawatts of Griid’s available power. The acquisition is projected to increase CleanSpark’s power capacity by over 400 MW within…
In the ever-shifting landscape of cryptocurrencies, stability is as elusive as silence in a bustling marketplace. Values soar and plummet with a volatility that would make the most daring roller coasters seem tame. However, it appears that the digital currency market is experiencing a renaissance, with signs of recovery and growth. Bitcoin: From Slump to…
MegaLabs, the leading developer behind the innovative Ethereum scaling protocol known as “MegaETH,” announced a successful $20 million seed funding round led by Dragonfly Capital. This new investment aims to advance MegaETH, a real-time blockchain designed for instantaneous transaction processing, capable of streaming 100,000 transactions per second with millisecond-level responsiveness. MegaLabs Secures Funding to Revolutionize…
Pranksy’s Optimism in the Future of NFTs Well-regarded non-fungible token (NFT) collector Pranksy has voiced optimism approximately the destiny of NFTs, countering a developing narrative in their decline. Pranksy, an early NFT investor who has built a large following and collection, recently asked his X followers about the last time they purchased an NFT. The…